DJIA Making Another All-Time on Strong Home Sales and Falling Energy Prices

BOTTOM LINE: The Portfolio is higher into the final hour on gains in my Semi longs, Internet longs, Medical longs and Telecom longs. I added to my Apple Computer(AAPL) long today and took profits in a trading long, thus leaving the Portfolio 100% net long. The tone of the market is very positive as the advance/decline line is substantially higher, every sector is rising and volume is slightly below average. Apple Computer (AAPL), which I added to this morning when the stock was down 5%, is now at session highs, rising .30. Piper Jaffray said in a research note this afternoon that it was more confident than ever that Steve Jobs had no involvement in the alleged falsified documents. As well, Hitwise is reporting that Apple's iTunes' market share of visits soared 413% on Christmas Day from a year ago. Moreover, it reported that the Apple Store's market share of visits jumped 110% on Christmas Day vs. a year-ago and that the Apple Store was the fourth most visited Website in its Retail Index. I expect Apple to rise substantially from current levels next year. Today's morning weakness will likely be viewed as an exquisite buying opportunity. The stock remains my second largest long position. I expect US stocks to trade modestly higher into the close from current levels on more economic optimism, short-covering, portfolio manager performance anxiety and lower energy prices.